Snap (SNAP) | Financial Analysis & Statements
Snap Inc. Mid-cap Communication Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
1.7B
Gross Profit
1.0B
59.08%
Operating Income
49.7M
2.90%
Net Income
45.2M
2.63%
Balance Sheet Metrics
Total Assets
7.7B
Total Liabilities
5.4B
Shareholders Equity
2.3B
Debt to Equity
2.37
Cash Flow Metrics
Operating Cash Flow
285.2M
Free Cash Flow
205.6M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Snap Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 5.9B | 5.4B | 4.6B | 4.6B | 4.1B |
| Cost of Goods Sold | 2.7B | 2.5B | 2.1B | 1.8B | 1.8B |
| Gross Profit | 3.3B | 2.9B | 2.5B | 2.8B | 2.4B |
| Gross Margin % | 55.0% | 53.9% | 54.1% | 60.6% | 57.5% |
| Operating Expenses | |||||
| Research & Development | 1.8B | 1.7B | 1.9B | 2.1B | 1.6B |
| Selling, General & Administrative | 2.0B | 2.0B | 2.0B | 2.1B | 1.5B |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 3.8B | 3.7B | 3.9B | 4.2B | 3.1B |
| Operating Income | -532.2M | -787.3M | -1.4B | -1.4B | -702.1M |
| Operating Margin % | -9.0% | -14.7% | -30.4% | -30.3% | -17.1% |
| Non-Operating Items | |||||
| Interest Income | 134.2M | 153.5M | 168.4M | 58.6M | 5.2M |
| Interest Expense | 122.0M | 21.6M | 22.0M | 21.5M | 17.7M |
| Other Non-Operating Income | 68.9M | -16.8M | -42.4M | -42.5M | 240.2M |
| Pre-tax Income | -451.1M | -672.2M | -1.3B | -1.4B | -474.4M |
| Income Tax | 9.4M | 25.6M | 28.1M | 29.0M | 13.6M |
| Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | -460.5M | -697.9M | -1.3B | -1.4B | -488.0M |
| Net Margin % | -7.8% | -13.0% | -28.7% | -31.1% | -11.9% |
| Key Metrics | |||||
| EBITDA | -165.5M | -492.6M | -1.1B | -1.2B | -337.6M |
| EPS (Basic) | $-0.27 | $-0.42 | $-0.82 | $-0.89 | $-0.31 |
| EPS (Diluted) | $-0.27 | $-0.42 | $-0.82 | $-0.89 | $-0.31 |
| Basic Shares Outstanding | 1694598000 | 1659147000 | 1612504000 | 1608304000 | 1558997000 |
| Diluted Shares Outstanding | 1694598000 | 1659147000 | 1612504000 | 1608304000 | 1558997000 |
Income Statement Trend
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Snap Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 1.0B | 1.0B | 1.8B | 1.4B | 2.0B |
| Short-term Investments | 1.9B | 2.3B | 1.8B | 2.5B | 1.7B |
| Accounts Receivable | 1.4B | 1.3B | 1.3B | 1.2B | 1.1B |
| Inventory | - | - | - | - | - |
| Other Current Assets | 272.1M | 182.0M | 153.6M | 134.4M | 92.2M |
| Total Current Assets | 4.6B | 4.9B | 5.0B | 5.3B | 4.9B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 506.2M | 530.4M | 516.9M | 371.0M | 322.3M |
| Goodwill | 3.5B | 3.5B | 3.5B | 3.5B | 3.5B |
| Intangible Assets | 66.6M | 86.4M | 146.3M | 204.5M | 277.7M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 221.3M | 233.9M | 226.6M | 279.6M | 291.3M |
| Total Non-Current Assets | 3.1B | 3.0B | 3.0B | 2.8B | 2.7B |
| Total Assets | 7.7B | 7.9B | 8.0B | 8.0B | 7.5B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 219.8M | 173.2M | 279.0M | 181.8M | 125.3M |
| Short-term Debt | 95.4M | 61.1M | 49.3M | 46.5M | 52.4M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 220.2M | 140.6M | 258.9M | 484.9M | 234.4M |
| Total Current Liabilities | 1.3B | 1.2B | 1.1B | 1.2B | 851.8M |
| Non-Current Liabilities | |||||
| Long-term Debt | 4.0B | 4.2B | 4.3B | 4.1B | 2.6B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 61.8M | 59.2M | 123.8M | 104.4M | 315.8M |
| Total Non-Current Liabilities | 4.1B | 4.2B | 4.4B | 4.2B | 2.9B |
| Total Liabilities | 5.4B | 5.5B | 5.6B | 5.4B | 3.7B |
| Equity | |||||
| Common Stock | 17.0K | 16.0K | 16.0K | 15.0K | 16.0K |
| Retained Earnings | -13.9B | -12.7B | -11.7B | -10.2B | -8.3B |
| Treasury Stock | 435.7M | 460.6M | 479.9M | 500.5M | 0 |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 2.3B | 2.5B | 2.4B | 2.6B | 3.8B |
| Key Metrics | |||||
| Total Debt | 4.1B | 4.2B | 4.3B | 4.2B | 2.6B |
| Working Capital | 3.3B | 3.7B | 3.8B | 4.0B | 4.0B |
Balance Sheet Composition
Snap Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -460.5M | -697.9M | -1.3B | -1.4B | -488.0M |
| Depreciation & Amortization | 163.6M | 158.1M | 168.4M | 202.2M | 119.1M |
| Stock-Based Compensation | 1.0B | 1.0B | 1.3B | 1.4B | 1.1B |
| Working Capital Changes | 36.9M | -205.3M | 10.9M | -65.8M | -286.4M |
| Operating Cash Flow | 789.9M | 291.2M | 161.3M | 117.0M | 491.4M |
| Investing Activities | |||||
| Capital Expenditures | -219.0M | -194.8M | -211.7M | -129.3M | -69.9M |
| Acquisitions | -35.5M | 0 | -50.3M | -67.1M | -310.9M |
| Investment Purchases | -1.3B | -2.3B | -2.1B | -3.5B | -2.5B |
| Investment Sales | 1.7B | 1.8B | 2.9B | 2.7B | 3.0B |
| Investing Cash Flow | 173.1M | -717.1M | 571.0M | -1.1B | 90.2M |
| Financing Activities | |||||
| Share Repurchases | -750.9M | -311.1M | -189.4M | -1.0B | 0 |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | 2.0B | 740.4M | 0 | 1.5B | 1.1B |
| Debt Repayment | -2.0B | -859.0M | - | - | - |
| Financing Cash Flow | -848.5M | -441.4M | -459.8M | 302.4M | 1.1B |
| Free Cash Flow | 437.2M | 218.7M | 34.8M | 55.3M | 223.0M |
| Net Change in Cash | 114.5M | -867.3M | 272.4M | -642.8M | 1.6B |
Cash Flow Trend
Snap Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-20.63
Forward P/E
8.32
Price to Book
4.18
Price to Sales
1.59
PEG Ratio
-0.10
Profitability Ratios
Profit Margin
-7.76%
Operating Margin
2.90%
Return on Equity
-19.46%
Return on Assets
-4.26%
Financial Health
Current Ratio
3.56
Debt to Equity
181.60
Beta
0.91
Per Share Data
EPS (TTM)
$-0.27
Book Value per Share
$1.33
Revenue per Share
$3.50
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SNAP | 9.4B | -20.63 | 4.18 | -19.46% | -7.76% | 181.60 |
| Alphabet | 4.1T | 31.36 | 9.88 | 35.71% | 32.81% | 16.13 |
| Meta Platforms | 1.7T | 27.10 | 9.47 | 39.84% | 39.11% | 26.76 |
| Match | 8.4B | 15.35 | -33.07 | -242.09% | 17.59% | -16.14 |
| Kanzhun Ltd - ADR | 6.1B | 15.87 | 2.15 | 15.36% | 33.09% | 0.79 |
| IAC | 3.4B | 18.97 | 0.73 | -2.11% | -4.35% | 33.99 |
Financial data is updated regularly. All figures are in the company's reporting currency.






